31 August 2015, GBP/USD
The situation is no less complicated than the one with the euro - dollar.
Here, in the long term strengthening of the British currency against the dollar is expected.
It is possible that the overall growth started in April is the beginning of a large wedge, in which only wave (i) is currently formed .
At the same time, it is quite possible that now we see correction in the form of a zigzag in the emerging wave (ii).
So, if this assumption is correct, in the future we can expect growth of the pair caused by development of the wave (iii).